Applying for a generalized home savings aid for your child

Beware! As of 1 January 2015 it is no longer possible to apply for generalized home savings aid. The following provisions therefore only apply to applications made before 1 January 2015.

Upon request, the State pays each child an amount of EUR 100 on a home purchase savings account. The purpose of this aid is to encourage people to start saving as soon as possible and to facilitate home ownership in the future. Money deposited in a home savings account can only be withdrawn to purchase land or real estate.

This aid is granted only once per child, and each home savings account into which the aid is paid may have only one owner.

Generalized housing savings schemes can be combined with all other types of housing subsidies.

Who is concerned

To benefit from this assistance, children:

  • must be born after 2 December 2002;
  • must be a legal residents in the Grand Duchy of Luxembourg;
  • must have their legal domicile in Luxembourg;
  • must have been resident in Luxembourg for more than 6 months;
  • Must be at least 6 years old at the time of application.

How to proceed

The application for generalized home savings aid is to be submitted to the Housing Aid Service using a specific form, accompanied by the following documents:

  • a copy of the the child's birth certificate;
  • a document from the banking and savings institution certifying the opening, in the name of the child, of a home savings account along with the number of that account;
  • a document certifying that the child has resided in Luxembourg for at least 6 months.

The Housing Aid Service then examines the file and notifies the applicants of its decision by letter.

With this letter, applicants can then go to their financial institute (a registered banking and savings institution in the European Union and in the European Economic Area) and open a special "housing" savings account in the name of the child in question.

The financial institution transmits the data relating to the account to the Housing Aid Service which, in turn, transfers EUR 100 to this account.

The home savings account is an account on which generalized home savings aid, as well as deposits and interest accrued, is blocked until the beneficiary's 30

In the case of a duly motivated request, the Minister may exempt the applicant from this condition if it can not be respected for reasons of

If part or all of the generalized savings-house help, deposits or interest income are withdrawn from the account before the account holder has turned 30, the generalized home savings aid must be reimbursed, unless the withdrawn funds have been used for the financing of housing.

The aid must be reimbursed if it has been obtained as a result of false statements, inaccurate information, mistake by the administration, or if it is not due for any other reason. It must also be reimbursed if the home purchase savings account has a credit of less than EUR 240 at the time the account holder reaches the age of 16.

In the event of a reimbursement of the generalized savings aid, the account holder can no longer benefit from a savings premium.

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